| Latest Forum Topics / Vallianz Last:0.056 -- |
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Will it Break 10cents again???
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swv001
Member |
05-Sep-2016 08:50
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What are possible news ? |
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GuavaXF30
Elite |
05-Sep-2016 08:40
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Crap. Another trading halt called. Hope it' s not bad news but these days, good news are very rare. |
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papayaface
Supreme |
04-Sep-2016 08:07
Yells: "This is the best time to enter....when everythings uncertain" |
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Unfortunate victim. Maybe Swiber may be quitely disposing the shares in open market, who knows ? They desperate for cash, right? We shall see. Good luck 
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zandlery
Supreme |
03-Sep-2016 13:17
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becos ppl think vallianz running the same type of business as Swiber mah.......if carefully look into it.....vallianz can consider the branch out of the ship chartering business of Swiber totally and end up nowaday....they the one with contract ongoing...and....Swiber constuction business...well.....no business...... could be worst if vallianz n Swiber still as one entity.....have profit also drag much doen by Swiber......look at the bright side loh......
Swiber thrown towel most likely due to non profitable project as I mention before every individual project they commence due to hipcup... they might actually incure losses. counter like Ezra...similar situation still survivr because they have contract ongoing..... Companies will not give up so easily unless it really beyond saving...... |
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ihsansan
Senior |
02-Sep-2016 23:02
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thats why la haha,everyone here so negative lmao
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moron101
Supreme |
02-Sep-2016 21:28
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Suddenly all so negative? Vallianz is gone with sweebu? I don't think so. Middle East ah gong still supporting.. Buy buy buy. Very cheap.. | ||||
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Stocky901
Supreme |
02-Sep-2016 20:44
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May not die so soon but will be slowly each day 1 pip and end up like the ABL kind of range 0.001, 0.002, ... and they have to issue few rounds of rights or place more share options to staff to support their high debts.. | ||||
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zandlery
Supreme |
02-Sep-2016 20:04
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sooner or later some entity have to take over Swiber 25%.....hope Rawabi will consider increase stake or someone from middle east.......the only place they have work still ongoing.... |
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RedEye1811
Master |
02-Sep-2016 20:00
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If the son is going to survive it needs to stop looking like the mother...needs to get out from under the rotten yoke of mother...get rid of board members with links to mother, move office so get away from negative jojo, change website so not clone of Swiber...heck, needs to look and smell independent..
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ysh2006
Supreme |
02-Sep-2016 19:40
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If mother is in trouble think son will finally be dragged down...
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RedEye1811
Master |
02-Sep-2016 19:39
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LOL...now they announce L& Q for performance share plan...how give them more shares for performance?...is the performance great...they need to clean up their mess of poor cash flow, deleverage etc and get this ship on the rails before thinking getting performance shares...should be putting shareholders first and getting them rewarded for any still sticking with this counter...loyalty to the shareholder before patting themselves on back...fix the house then talk!!! Not vested (once was) but just hope to see any still vested done right by them...but fear soon announce IJM coming in...
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Stocky901
Supreme |
02-Sep-2016 19:30
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Agreed. The risk is high. Have to be careful...
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RedEye1811
Master |
02-Sep-2016 19:12
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Would not be surprised insiders sold their lots today and tonight there will be an announcement that they going in IJM due to demands from Swiber and others...the insiders out in time and after announcement they going into IJM or winding up those left holding stock today get nothing...
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Stocky901
Supreme |
02-Sep-2016 18:51
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Hold up well today but price is manipulated..
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investshare
Supreme |
02-Sep-2016 14:42
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Korea Hanjin, 7th largest shipping company, just collapsed after Korea bank pull the plug. Seems like everything is possible, nothing too big to fail.
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Lepin888
Veteran |
02-Sep-2016 14:41
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When banks pull this one will suffer same fate as swiber...some common shareholders | ||||
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Stocky901
Supreme |
02-Sep-2016 14:06
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Very tempting to buy at 1.8c. Hope not become itchy hand..later regret. dyodd. | ||||
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sheerluck
Supreme |
01-Sep-2016 21:58
Yells: "Work for your money first then let your money work for you" |
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Bro, you just opened up another can of worms in this Vallianz.  That US70million available-fro-sale-investment under the non-current asset you mentioned, if you read the note 12 in Annual Report 2015, you will realised these are convertible bond held by Vallianz are from Swiber.  I don' t think Swiber can redemp these bond now so Vallianz can write off these US70mil.  If they don' t do this in Q3, come FY audit, Auditor surely wil have them do it but I will surely be more certain aobut the integrity of this Swiber sprung-off Vallianz mgmt team. I don' t expect Vallianz to drop to 1cts by end Sept except due to exceptionally event which cannot be foretold now.  But at least I can guess, Q3 results with impairment, not revenue from Swiber to dress up earning statement plus insufficient cash to redempt note are likely event arpund mid-Nov. Within 3 months, more of the fate of this adik will be revealed but so far from my assessment, not positive at all.  
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RedEye1811
Master |
01-Sep-2016 20:17
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Mid-Nov go below 1c? Thought you be more pessimistic and suggest sooner. Perhaps I am more pessimistic but way going should hit 1c by end of Sept or before. But perhaps it could stabilize if no news (whether good or bad). But as you pointed out the crunch will come with note payable on Nov 1. Perhaps they may need to resort to selling their available-for-sale-investments (with a reported value (if true) of USD70 mill. If sold without a discount give them ability to pay off note payable I presume, and cover some other issues. That one option I presume without going to banks. Likely be a long winter till end of year regardless. It does have new contracts starting 2H/2016 so perhaps that help bottomline (maybe not cashflow) that may help its financial performance remain up. If only can get some of the liabilities down effectively and get the cash flow heading positive will it give some confidence of a turnaround. As it still one of few businesses actually with sizeable proportion of fleet working suppliers may not be in such a rush to pull credit. And the squabble with Swiber is something that could get tied up in legal stouch for months/years so may not be immediate concern. That note payable and lack of clarity on when/where positive cash flows going to come from, and reduction in receiveables/payables more of the big ticket concerns. Likely be able to puddle along for rest of year but need to see after that. Anyway my two cents.
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sheerluck
Supreme |
01-Sep-2016 16:45
Yells: "Work for your money first then let your money work for you" |
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23mil shares sold down.  Let see how many belongs to short and how many belongs to those who exit.  Cash balance of US$8mil vs US$44mil note due Nov plus negative cashflow for 3 straight years.  This is a profittable company so let see if by end of this year, its impressive paper profit means anything useful. Mid Nov might see this  Swiber' s adik go below 1cts if things don' t improve. |
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